Contango Digital Assets closes $5 million for “Blockchain x AI” seed fund
Backed by WonderFi CEO Dean Skurka, the fund seeks to support projects using both blockchain and AI.
Funding
DMZ receives $500,000 grant to expand Basecamp program for student entrepreneurs
To date, Basecamp has helped over 365 students launch 151 startups.
Eocycle Technologies secures $25 million CAD to expand wind turbines in US, Europe
Cleantech firm plans to use government incentives in target markets to accelerate expansion.
What’s in #Budget2024 for Canadian tech?
All eyes in Canadian tech are on AI, open banking, cleantech, and… taxes?
Shein’s Canadian delivery partner UniUni secures nearly $70 million CAD
The last-mile service secured just over $45 million CAD in Series B funding last year.
Vidyard rolls out AI avatars after securing funding from EDC and existing backers
With AI Avatars, Vidyard aims to facilitate “personalized video communications at scale.”
Electronics startup SmartD Technologies powers up with $14.2-million Series A
Startup looks to reinvent motor control with Clean Power VFD.
CleanBC program investigation prompts fear of provincial startup fallout from cleantech and grant experts
“The first people that lose out are the companies [that] the program was set up for.”
Harvest Ventures, New York-based IA Capital back Summit’s $3.5-million seed round
Digital insurance broker offers range of products, including to other FinTech firms.
Government software provider Clariti Cloud secures $24.6 million CAD from Vistara Growth
Clariti’s co-CEO is seeing increased demand for digital government services.
IPON invests $4.6 million to build IP capacity at post-secondary institutions
IPON has made $6.6 million in investments in the last year.
Define Capital closes $20 million to acquire and nurture profitable niche software companies
New Toronto private equity fund aims to follow in Constellation’s footsteps.
Federal government commits $2.4 billion to AI compute, startups, and safety through Budget 2024
Liberals aim to help “maintain Canada’s competitive edge” in AI with new spending.
Eirene raises $4.1-million seed round to simplify end-of-life solutions
Funding will support Eirene’s expansion into the US.
With $7.75 million CAD, new CEO, Boston office, TrojAI looks to expand operations
Incoming CEO Lee Weiner was previously senior executive at Boston-based Rapid7 for 11 years.